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TDS payment

TDS 316 views 5 replies

Hi All,

Need clarification regarding TDS interest.

we have deducted and remitted to department for the FY 2018-19 TDS in the month of Jun'20.

what is the rate of interest to be deducted. whether it is 1% or 1.5%

while doing TDS return what is the date of payment to be mentioned and what is the date of deduction to be mentioned.

Kindly clarify.

Replies (5)
Originally posted by : Chandrasekar
Hi All,

Need clarification regarding TDS interest.

we have deducted and remitted to department for the FY 2018-19 TDS in the month of Jun'20.

what is the rate of interest to be deducted. whether it is 1% or 1.5%

while doing TDS return what is the date of payment to be mentioned and what is the date of deduction to be mentioned.

Kindly clarify.

 

Dear Chandrasekar Ji

First kindly confirm to all Ca Club Member 

1- Date on which you deduct TDS of the Month Jun'20

2- Date on which you deposited or still not deposited

 

Thanks with Regards

Ravi SADhiyan

Actually the amount was already paid in the month of Jun'20 pertaining to Mar'19.

Indufficient information again.

we have deducted and remitted to department for FY 2018-19 along with Interest 1% in the month of Jun'20.

while doing TDS revised return for FY 2018-19, we have to mention the date of deduction has 30.06.2020 and date of payment 30.06.2020.

Pls confirm

No its wrong...
rate is 1.5% per month.

read sec 201(1)


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